The history of recessions

Discussion in 'Politics' started by Truthmatters, Feb 4, 2010.

  1. Truthmatters
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    OpEdNews - Article: A History of Recession in the United States 1950 to 2008


    There is a pattern here that is plain to all but the most partisan. Ten of the last eleven recessions have occurred under the direction of Republican economic policy. And history does repeat itself. Look at the three greatest slowdowns in US economic history, 1929, 1982, 2008, all three were attributed to poor economic and tight credit policy, all three featured deregulation and lack of oversight of the financial markets, and all three were presided over by a Republican President.

    Recession/Depression of 2008 George W. Bush (R) greatest downturn since 1929, blamed on lack of regulation of financial markets and collapse of credit markets

    Recession of 2001 George W. Bush (R) began in April of 2001, -marked the beginning of greatest deficit spending in all of recorded human history-



    Recession of 1990-1991 George H.W. Bush (R) Deregulation of Savings and Loan industry led to a collapse and panic, which led to election of Bill Clinton, who produced the greatest increase in jobs and wealth in all of recorded human history.
     
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  2. Truthmatters
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    Last edited: Feb 4, 2010
  3. ihopehefails
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  4. Skull Pilot
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    Skull Pilot Platinum Member

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    There was no tight credit policy under Clinton or GW Bush

    Easy credit and artificially low interest rates were part of the problem.
     
  5. Charles Stucker
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    Charles Stucker Senior Member

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    If the TRUTH actually matters to you, then you should note that Bill Clinton did NOT produce the greatest increase in jobs/wealth. The internet revolution did that. A revolution brought about by scientists and engineers, not politicians or cheesy political hacks.
     
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  6. Skull Pilot
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    Skull Pilot Platinum Member

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    And that bubble popped just after the Slickster left office
     
  7. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Truthmatters is about 17 I'm guessing. Ignore it... Engaging that numbnut will make your brain hurt.
     
  8. Oldandtired
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    Recessions are cyclical and priomarily based on market saturation.
    Policies are applied to either ease the pain of a recession or stimulate growth in an attemtpt to shorten a recession. However, it is always best to leave it alone but those that are seeking re-election...or initial election, tend to use recessions as a platform.

    This particular recession may be the worst for one reason only....as demand for goods and services decreased...again due to market saturation.....employers deemed it cost effective to deal with the cost of unemployment and lay off people. Due to technological advances since the last "high unemployment" climate, they are seeing how they can now live without many of those employees.

    Yes, they knew that may be the case 3 years ago...but the cost of unemployment, (and yes, the employer bears the burden of unemployment) had many employers keep their employees as it was cost effective to do so.

    Now they are reluctant to hire them back.

    It used to be 10 file clerks....6 layed off....then 6 hired back.

    Now it is 10 file clerks......6 layed off....and only a data entry clerk hired in return.

    Politicians ride the coattails of a recession....they do not cause them.
     
  9. Truthmatters
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    Interestig the reaction to the posting of historical facts elicited these types of reactions
     
  10. The T
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    The T George S. Patton Party Supporting Member

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    However *YOU* forget to Mention CONGRESS that controls purse strings.

    Don't apologize...just go away.
     

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